If a Company Determines Cost of Goods Sold Each Time

question 135

Multiple Choice

If a company determines cost of goods sold each time a sale occurs it

• A) must have a computer accounting system.
• B) uses a combination of the perpetual and periodic inventory systems.
• C) uses a periodic inventory system.
• D) uses a perpetual inventory system.

---

Definitions:

Positive Outcome

A result or effect that is beneficial, desirable, or favorable in terms of meeting objectives or expectations.

Multiple Objective Trap

The difficulty in decision making when facing several objectives that may not be completely compatible with each other.

Base-Of-The Pyramid Markets

Economic strategies focused on providing goods and services to the widest and poorest population segments.

Benefit Corporations

A type of for-profit corporate entity, recognized in certain regions, that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.